Better Home & Finance Holding Company
11/07/2025 | Press release | Distributed by Public on 11/07/2025 15:47
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Approval of Restricted Stock Unit Awards
On November 3, 2025, the board of directors (the "Board") of Better Home & Finance Holding Company (the "Company"), pursuant to the Company's 2023 Incentive Equity Plan, approved the grant of restricted stock units ("RSUs"), subject to both performance- and time-based vesting criteria, to certain of its named executive officers.
The Board granted Vishal Garg, the Company's Chief Executive Officer: (1) 287,500 RSUs, which will be earned upon the achievement of certain stock price performance goals, and (2) 287,500 RSUs, which will be earned upon the achievement of certain Company revenue performance goals. The Board also granted Paula Tuffin, the Company's General Counsel, Chief Compliance Officer and Corporate Secretary: (1) 50,000 RSUs, which will be earned upon the achievement of certain stock price performance goals, and (2) 50,000 RSUs, which will be earned upon the achievement of certain Company revenue performance goals. In each case, (1) the performance goals must be achieved between October 1, 2025 and December 31, 2030, or will otherwise be forfeited for no consideration, and (2) 25% of RSUs will time vest on the 12-month anniversary of the grant date and the remaining balance of which will vest in equal quarterly installments over the following 36 months. Both the performance goals and time criteria must be achieved for the applicable RSUs to fully vest, subject to the individual's continued service.
The RSUs granted to Mr. Garg and Ms. Tuffin are subject to certain accelerated vesting events described in the Company's definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 30, 2025, including accelerated vesting of the awards upon a termination of employment by the Company without cause or by the individual for good reason in connection with or following a change in control, as provided in the Company's Executive Change in Control Severance Plan.
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